A TIRZ project jumpstarts development to get things moving a bit faster and, ultimately, to generate new tax revenue. The benefits of a TIRZ include:

  • builds needed public infrastructure in areas lacking adequate development to attract businesses;
  • encourages development, thereby increasing property values and long-term property tax collections; and
  • reduces the cost of private development by providing reimbursement for eligible public improvements.

Need Help?

For additional information, contact the Data Analysis and Transparency Division via email or at 800-531-5441, ext. 3-4679, or 512-463-4679.

Disclaimer

This information should not be construed as, and is not a substitute for, legal advice.

Property owners and school districts are urged to consult the Attorney General's Economic Development Handbook and their own legal counsel for any questions or interpretations of economic development laws.